Sasha and Michelle form a partnership. Sasha contributes $16,000 cash and merchandise inventory with a current market value of $3000. While journalizing this transaction ________.
A) Merchandise Inventory will be credited for $3000
B) Merchandise Inventory will be debited for $3000
C) Merchandise Inventory will be credited for $13,000
D) Merchandise Inventory will be debited for $13,000
B) Merchandise Inventory will be debited for $3000
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International divisions can be organized as geographical organizations, world product groups, or international subsidiaries
Indicate whether the statement is true or false
Psychographic data typically are
A) easier to quantify than demographics, but of limited importance. B) computer algorithms that can tell whether consumers lie on market surveys. C) collected regularly by the U.S. Census bureau. D) more complex than demographics and open to more interpretation. E) the basis of demographic data.
On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $228,350. Inventory purchased during April (until the date of the tornado) was $199,400. Sales for the month of April through April 24 were $644,100. Assuming the company's typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tornado.
A. $322,050 B. $213,875 C. $105,700 D. $158,588 E. $216,350
What is an equilibrium interest-rate model?
What will be an ideal response?